An employee with $200,000 compensation participates in her companys SIMPLE 401 (k) plan. If the employee elects

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An employee with $200,000 compensation participates in her company’s SIMPLE 401 (k)

plan. If the employee elects to contribute the maximum allowable amount into the plan what amount should she contribute if the nominal plan rate is:

a. 5%?

b. 10%?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 27, 2024 03:07 AM

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An employee with $200,000 compensation participates in her companys SIMPLE 401 (k) plan. If the employee elects

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CCH Federal Taxation Basic Principles 2020

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